Principal Financial Group Inc. decreased its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,566,053 shares of the company's stock after selling 58,728 shares during the quarter. Principal Financial Group Inc. owned 1.19% of BJ's Wholesale Club worth $129,168,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of BJ's Wholesale Club during the second quarter worth $25,000. Davis Capital Management acquired a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its stake in shares of BJ's Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock valued at $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new position in BJ's Wholesale Club in the third quarter worth approximately $41,000. Finally, Benjamin Edwards Inc. increased its holdings in BJ's Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock worth $55,000 after buying an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.
BJ's Wholesale Club Stock Performance
BJ's Wholesale Club stock traded down $0.23 during mid-day trading on Friday, reaching $93.77. The company had a trading volume of 2,894,465 shares, compared to its average volume of 1,514,540. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 4.69 and a beta of 0.29. The company has a 50 day moving average of $90.87 and a 200-day moving average of $87.35. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the company posted $0.98 earnings per share. BJ's Wholesale Club's revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.
Insiders Place Their Bets
In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the sale, the chief executive officer now directly owns 434,792 shares in the company, valued at $36,413,830. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on BJ shares. Jefferies Financial Group lifted their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. TD Cowen upped their price objective on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. UBS Group raised their target price on BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Roth Mkm upped their price target on BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. Finally, Bank of America cut their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.00.
Read Our Latest Stock Analysis on BJ's Wholesale Club
About BJ's Wholesale Club
(
Free Report)
BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.
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